PSX
KOHC - Buy Trade Call - 4H - KOHC is in sideways for quite some days. A symmetrical triangle pattern has been formed which can lead prices to either side. Additionally, a H&S pattern is also in the making. If that happens then it will give a better entry price at lower prices. Confluence can be drawn by noting that RSI is around 60 mark and heading downwards very slowly. Moreover, Klinger is also suggesting a Bear run at the moment. Bull run will begun once blue oscillator line crosses the green trigger line.
Since over all PSX is doing good and cement sector is also in bull run, therefore, for sure this SCRIPT will eventually go further up.
My Trade Values :-
Scenario 1 Entry BUY : 450.38 (once Head line is broken. Then it will get into parallel channel to continue bull run.
SL: 370
TP: 540
Scenario 2 Entry BUY : 371.74 (Once right shoulder is completely traced down at neck level.
SL: 319
TP: 540
FABL potential Buy setupReasons for bullish bias:
- Price respecting upward trendline
- Harmonic AB=CD pattern formation
- Price is at horizontal support
- Safe entry can be taken after a bullish candle closing
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 47.15
Stop Loss Level: Closing below 43.5
Take Profit Level 1: 52.59
Take Profit Level 2: 57.41
Take Profit Level 3: 72
Flying cement breakout level for flying to 34.96 level26.62 is breakout level of Flying cement to fly to levels of 29.76 and 34.96 levels,
Today it was on lower lock and dropped 10% to level of 25.88. Iff tommorrow it again pick momentum and crosses level of 26.62 than it can fly to 29.76 and 34.96 level.
Note: Trade at your own risk.
NRL potential Buy setupReasons for bullish bias:
- Price gave trendline breakout
- Harmonic XABCD pattern formation
- Price gave LH breakout
- Price bounced from a strong support zone
- Bullish divergence
- SFEL trade call recommendation
Here are the recommended trading levels:
Buy 1(CMP): 239
Buy 2: 215
Stop Loss Level: Closing below 199
Take Profit Level 1: 279
Take Profit Level 2: 320
Take Profit Level 3: 380